Dbs how to pay other bank credit card

Commercial banks and credit institutions in HCM City need to continue to restructure and strengthen control of credit quality to prevent a return to the days of high bad debt ratios, the deputy governor of the State Bank of Vietnam Dao Minh Tu has warned. … [Read more...] about HCM City banking sector urged to keep bad debts low

The number of customers making payments with ewallets remained limited, at 17% of Vietnamese shoppers in 2018 - PHOTO: TNO According to the Ecommerce White Book 2019 recently launched by the Vietnam Ecommerce and Digital Economy Agency, cash payments still dominated other methods. Some 90% of online buyers made their payments in cash rather than with ATM cards, credit cards or ewallets. … [Read more...] about Payments by ewallets, ATM cards remain low in Vietnam

After the policy to control credit into risky sectors, credit growth of the real estate sector reached 8.8 percent last year, lower than general credit growth of 13.5 percent of the whole industry. However, the bad debts of this sector were kept at a low level of 1 percent. This showed that credit into real estate has been selected recently. Mr. Nguyen Quoc Hung, Director of the SBV’s Credit Department, explained that the Circular No.22/2019 of the SBV instructs the roadmap by 2022, in which the maximum proportion of short-term capital used for medium and long-term loans will be reduced from 40 percent to 37 percent by October this year and to 30 percent by 2022, is to control the risk in real estate loans, not to squeeze credit into real estate sector. Circular No.22/2019 does not impact negatively on real estate market but directs banks to give loans to clients who actually have demand for housing to promote the development of affordable and social housing segments which are … [Read more...] about Credit for real estate sector continues to be adjusted

The first foreign bank in Vietnam, Shinhan Bank has achieved Basel II norms, with its capital adequacy ratio (CAR) of 18.05 per cent being much higher than the minimum required CAR of 8 per cent. … [Read more...] about Shinhan Bank Vietnam assigned stable outlook by S&P

Analysts from the MB Securities Company (MBS) forecast liquidity of the banking system will be positive in 2020 as more foreign direct investment will flow into the country that has favourable investment policies and attractive labour costs as well as various benefits from the US-China trade war. … [Read more...] about Bank liquidity abundant ahead of Tet